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Term: a word or phrase used to describe a thing or to express a concept [1]
Concept: an abstract idea. Concepts are expressed by terms. [1]
Fact: Facts relate terms [2]
Fact Type: a fact type is an association between two or more concepts
Vocabulary: the body of words used in a particular language or in a particular sphere [1]
Terminology: the body of terms used in a subject of study, profession, etc. [1]
Fact Model: A fact model establishes the basis for shared operational business knowledge. [2] This model is usually graphical and can also be called the business object model or BOM.